If we decide to make an offer, is it possible to either 1.) make the sellers put the full price of repairs in escrow (even though the other unit holders will benefit from the improvement); or 2.) make the offer contingent upon the condo association putting a certain dollar amount in escrow to handle the repairs; or 3.) do a combination of 1 and 2 saying that if all of the owners don't put a certain dollar amount in escrow by a certain date then the sellers pay the full amount of forfeit the deal?

Always remember to do the math analysis on prospective properties and try to look at them or at least before you make an offer or at least have a clause in the sales contract that allows you the inspection time (about 15 days) that is detailed and allows you to possibly back out of the deal without a penalty that will hurt you too much.

Ashley - I don't know if this is a good deal or not - but I did respond to that listing - it looks bad and empty - There could be lots of equity or lots of stress - I like in and out in a short period of time.In my opinion every property offer is a "deal" - Every property offered is or could be a good deal -The only thing that make a property a bad deal is PRICEEvery property will sell if the price is rightTime on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling -What is the current mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre there open to a reasonable and creative offerDo they want any profit or to just get it out of their nameCan down payment be paid over timeHow much paper with they accept - delayed payments - principal mortgageAshley - since you exposed this property to all of us - You should see if you can get the answers to those questions above - and play the game - WHAT WOULD I OFFER?

We are brand new and are in the process of gathering all the data to arrive at our maximum total offer allowance.

I found a FSBO and am preparing to make an offer. 

Example offer contract from one of my mentorsPurchase Price: $2,000,000Terms: $200,000 cash down Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rateSeller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030Seller to be named on property insurance policy to protect seller's investment

My question to all flippers and rehabbers is what else do I need to factor in when deciding how much to submit an offer?

Current rate is 5.49 Im talking with Quicken Loans about doing a refi, and was presented with the following offers:15 year mortgages- 3.5% with $4900 closing costs or 3.99 w/ $3200 CC30 year mortgages- 4.375 w $3350 CC or 3.99 w 4,820 CCHere are my questions.  

Asking Price: $695kGross Rent: $54645Gross Multiplier: 13.30 (According to MLS)CAP: 5.1%NOI: $36,066 - they didn't factor in vacancy or management and I believe the posted utility cost is lowMy Estimated NOI: $25115$25115/ 0.051=  $492,500Is it unreasonable to offer $492k - $520k?

The of one offer to buy as is which would net about $5-7k.